Fixed assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2009 we have sale a transformer to our sister concern firm. the transformer of Rs. 50000 standing in our books and now we sale that transformer to that conerned firm on Vat Invoice with 4% vat is this right or wrong ?

30 November 2009 Dear
if Tranformer is not ur Trading Goods then no need to issue VAT invoice



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